BitcoinViés de baixa
NOTHING has changed
I published a very similar chart to this one early yesterday, at the peak of everyone's bullishness.
Every time we've hit the bottom of the channel we've had a quick reaction rally back up to the top, followed by a roughly 30% drop back down to the bottom of the channel over the following month.
I could of course be wrong, but for the moment I see no reason why this time will be any different.
As I've said before, crypto traders very emotional and have VERY short-term memories. They see some green and go crazy -- it's like they get hypnotized -- and they completely lose sight of the bigger picture. In this sense they are very much like drug addicts, only worrying about the next hit without understanding the bigger consequences.
ALWAYS keep a level head, put emotion aside, and keep the big picture in mind!
Cheers and happy trading.
Every time we've hit the bottom of the channel we've had a quick reaction rally back up to the top, followed by a roughly 30% drop back down to the bottom of the channel over the following month.
I could of course be wrong, but for the moment I see no reason why this time will be any different.
As I've said before, crypto traders very emotional and have VERY short-term memories. They see some green and go crazy -- it's like they get hypnotized -- and they completely lose sight of the bigger picture. In this sense they are very much like drug addicts, only worrying about the next hit without understanding the bigger consequences.
ALWAYS keep a level head, put emotion aside, and keep the big picture in mind!
Cheers and happy trading.
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